What is intragovernmental debt quizlet?
What is intragovernmental debt quizlet?
All the money the federal government has borrowed and has not yet repaid.
Which is an example of intragovernmental debt?
Intragovernmental debt is debt that one part of the government owes to another part. In almost all cases, it is debt held in government trust funds, such as the Social Security trust funds.
Which of the following best supports Allan Meltzer and Scott Richards argument that government grows in a democracy because of the equality of suffrage?
Which of the following best supports Allan Meltzer and Scott Richard’s argument that government grows in a democracy because of the equality of suffrage? Economically disadvantaged voters will support the social security state.
Which country is the top foreign holder of US federal government debt quizlet?
Building on the holdings of its associated territories, China is the undisputed largest holder of U.S. foreign debt in the world.
What is the difference between the federal budget deficit and federal government debt quizlet?
What is the difference between the federal budget deficit and the national debt? The budget deficit is the amount by which expenditures exceed revenues in a particular year, while the national debt is the cumulative effect of all past budget deficits and surpluses.
What is the purpose of continuing resolutions?
A continuing resolution continues the pre-existing appropriations at the same levels as the previous fiscal year (or with minor modifications) for a set amount of time. Continuing resolutions typically provide funding at a rate or formula based on the previous year’s funding.
Who owns intragovernmental debt?
Who owns this debt? The public owes 74 percent of the current federal debt. Intragovernmental debt accounts for 26 percent or $5.9 trillion. The public includes foreign investors and foreign governments.
What is the Meltzer Richard hypothesis?
The Meltzer–Richard hypothesis implies that income distribution influences taxation and redistribution. We assume that the tax structure is the key instrument of redistributive politics, and the income distribution is expected to influence the tax structure via the median voter.
What is the Meltzer Richard model?
The model, known as the Meltzer-Richard Model emphasizes how elections are important in ensuring social and economic equality (Meltzer & Richard, 1981). They use the Median Voter Theorem, which shows that with universal suffrage and majority rule, the median voter is the decisive voter (Roberts, 1977).
How much does China hold in US federal debt quizlet?
These countries include China ($1.3 trillion), Japan ($1.2 trillion) and Brazil ($262 billion), the three countries that currently hold the most U.S. debt. private domestic investors, which includes regular Americans as well as institutions like private banks.
Which country is the top foreign holders of US federal government debt?
Japan
Foreign holders of United States treasury debt Of the total 7.55 trillion held by foreign countries, Japan and Mainland China held the greatest portions. China held 1.05 trillion U.S. dollars in U.S. securities. Japan held 1.3 trillion U.S. dollars worth.